Enron Files Its Chapter 11 Plan
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Enron Files Its Chapter 11 Plan
HOUSTON (Reuters) - Enron Corp . on Friday filed its plan to emerge from Chapter 11 bankruptcy by packaging its international and pipeline assets as separate companies.
U.S. Bankruptcy Judge Arthur Gonzalez in New York must approve the plan, which includes several previously announced components such as the spin-offs of its pipeline and international assets.
On June 27, Enron said it had reached a tentative agreement with its creditors on a reorganization plan, and asked the court for a short delay to file its long-delayed blueprint for rebirth.
Enron in December 2001 made what was then the largest U.S. bankruptcy filing in history, collapsing under the weight of an unprecedented financial accounting scandal. At the time, Enron took the bankruptcy crown by dint of its record $63.3 billion in assets, according to research Web site BankruptcyData.com.
fonte Reuters
U.S. Bankruptcy Judge Arthur Gonzalez in New York must approve the plan, which includes several previously announced components such as the spin-offs of its pipeline and international assets.
On June 27, Enron said it had reached a tentative agreement with its creditors on a reorganization plan, and asked the court for a short delay to file its long-delayed blueprint for rebirth.
Enron in December 2001 made what was then the largest U.S. bankruptcy filing in history, collapsing under the weight of an unprecedented financial accounting scandal. At the time, Enron took the bankruptcy crown by dint of its record $63.3 billion in assets, according to research Web site BankruptcyData.com.
fonte Reuters
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